Test bank for accounting information systems 10th edition

Test Bank for Accounting Information Systems 10th Edition ERP II adds an Enterprise Application Suite (EAS) to aid in the communication between functional areas True False Business processes are always triggered by some economic event, and all have clearly defined starting and ending points True False A key characteristic and benefit of business processes is that they are always limited to one functional area of the information system True False Analyzing a company's value chain aids in the identification of a company's competitive advantages True False Operational transaction cycles have traditionally grouped activities of a business into six common operational processes True False Transactions are used by auditors to verify account balances and internal controls True False The accounting and finance functions should not be segregated in order to increase a company's internal control True False The director of internal auditing should report directly to the controller of the company True False The treasurer is responsible for the budgeting and tax planning aspects of a business True False Systems programmers usually report to the Manager of Systems Analysis True False A steering committee consists of high-level members of user functions such as manufacturing and marketing, as well as the head of the information system function and several of his or her staff True False An information center is a support facility for end users in an organization True False DBMS is the hands-on use of computers by end users True False Information system specialists are used in the traditional approach to data processing for end users True False EDI is a key component to quick-response technology system True False The philosophy that one should the right thing the first time is better known as TQM or TQP True False RFID tags are used for tracking objects within a quick-response system True False Only active RFID tags transmit signals containing digital information to receivers True False Lean manufacturing focuses on eliminating waste from the entire value chain True False A just-in-time manufacturing system is one form of lean manufacturing True False Microsoft sponsors the Web TrustTM seal of approval to certain web sites that meet their security and integrity criteria True False Electronic data interchange (EDI) is the direct computer-to-end-user exchange of business documents via a communications network True False ANSI X.12 is a public EDI standard True False The SEC requires that all companies must file their financial reports electronically using XBRL True False FedWire is a retail EFT system used for telephone wire transfers and payments True False E-waste refers to dollars spent on unsuccessful implementations and technologies True False Green IT states system design should include a plan for recycling and reusing system components True False A system is a collection of related resources designed to help a company achieve specified objectives True False Accounting information systems are designed to gather and utilize information which may cost more to provide than it is worth to the user True False The basic goal of accounting information systems is to convert financial data into information True False Examples of the information provided by a financial information system are cash flow summaries and payment information True False All data processed and information stored in an accounting information system are mandatory for financial reporting purposes True False A typical CRM contains one common database in which all departments with customer contact can access and update True False A typical CRM contains one database for each department which has customer contact True False An extended enterprise brings suppliers and customers together in order to meet customer demand while minimizing supplier costs True False Procurement and firm infrastructure are examples of primary business processes True False Good documentation means that records should be maintained by all parties involved in a transaction True False Some organizations that use computers to process transactional data must have an information system function True False The operations function allows specialization in areas such as operating systems and software and communications technology True False Personal computers give end users their own processing power True False Most batch processing environments are JIT environments True False XBRL is a language that facilitates the exchange over the Internet of all kinds of business documents and financial statements True False External users of accounting information include investors, customers, governmental agencies, and suppliers True False The functional components of a management information system (such as marketing, manufacturing, human resources, and financial) are logically independent True False A decision support system (DSS) is tailored to the strategic information needs of top-level management True False The AIS benefits of information technology include automation, information organization, and communication True False AIS application architecture currently focuses on automating the traditional accounting cycle True False 66 67 Green IT is concerned with reducing through recycling and reusing electronic products rather than discarding these products 68 69 A just-in-time (JIT) environment is characterized by activities occurring in a environment 70 71 A(n) is a type of information system that supports nonroutine needs for information, while systems support routine, nonrecurring information needs 72 73 is an automated clearing house system used for the clearing of Eurodollar payments between U.S and non-U.S financial institutions Answer Given three Answer Given systems Answer Given blueprinting Answer Given user-oriented Answer Given tactical Answer Given internal Answer Given seven Answer Given executive Answer Given customer relation management (CRM) Answer Given supply chain management (SCM) Answer Given extended enterprise Answer Given automation, information organization, and communication Answer Given architecture Answer Given MRP Answer Given flexible manufacturing systems (FMSs) Answer Given process Answer Given quality Answer Given enterprise resource planning (ERP) Answer Given commerce Answer Given application Answer Given service oriented architecture (SOA) Answer Given organizational Answer Given value chain Answer Given accounting; financial Answer Given expenditure; production Answer Given segregation Answer Given CIO (chief information officer) Answer Given steering Answer Given active, passive, or semi-passive Answer Given lean Answer Given muda, muri, and mura Answer Given e-waste Answer Given continuous flow Answer Given decision support system; DP Answer Given CHIPS A systems development project consists of general phases The purpose of the approach is to assist in the orderly development of effective systems Many companies prefer business process because they find it more cost-effective than designing their own system from the ground up A philosophy of design fosters a set of attitudes and an approach to systems development that consciously considers the organizational context Middle management uses information in an organization The source for most information used by lower-level managers is largely There are major categories of information systems within an organization A(n) information system is tailored to the strategic information needs of top-level management A(n) system manages all contact with customers A(n) system encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities A group of loosely-connected companies that work together to maximize the value of their economic outputs is a(n) The IT benefits for AISs are , , and Application involves the process of ensuring the suite of organization's applications work together in order to meet organizational goals and objectives software assists management in managing inventories and scheduling production In computers take control of the entire production process (CIM) but also can be reprogrammed so the same processes can produce entirely different products The management approach involves the application of knowledge, skills, tools, techniques and systems to manage and improve organizational processes to better meet customers' needs and maximize profitability The ISO 9001 is a(n) -management standard published by the International Standards Organization combines functional information systems in a single software package and a single database ERP II adds collaborative to ERP Enterprise suite uses a group of individual packages that work with each other on a web browser as opposed to one large ERP software package The linking of applications in suite is facilitated through a A business process is an interrelated set of tasks that involve data, units, and a logical time sequence A simple way of viewing the company's activities in a manner suited to analyzing its competitive advantages is known as the The controller is the executive in charge of activities of the organization, while the treasurer supervises the activities Events related to the acquisition of goods and services from other entities and the settlement of related obligations are in the cycle; events related to the transformation of resources into goods and services are in the cycle A common violation of the principle is the delegation of both accounting and financial responsibilities to the same individual or department The is the head of the information systems function in an organization A committee is an advisory group who can influence the policies, budget, and planning of information services within an organization Radio frequency identification tags (RFID) can be either , , or The main focus of manufacturing is eliminating waste and improving production flow The three major categories of waste under the original Toyota Production System (TPS) are , , and Green IT is concerned with reducing through recycling and reusing electronic products rather than discarding these products A just-in-time (JIT) environment is characterized by activities occurring in a environment A(n) is a type of information system that supports nonroutine needs for information, while systems support routine, nonrecurring information needs is an automated clearing house system used for the clearing of Eurodollar payments between U.S and non-U.S financial institutions Answer Given three Answer Given systems Answer Given blueprinting Answer Given user-oriented Answer Given tactical Answer Given internal Answer Given seven Answer Given executive Answer Given customer relation management (CRM) Answer Given supply chain management (SCM) Answer Given extended enterprise Answer Given automation, information organization, and communication Answer Given architecture Answer Given MRP Answer Given flexible manufacturing systems (FMSs) Answer Given process Answer Given quality Answer Given enterprise resource planning (ERP) Answer Given commerce Answer Given application Answer Given service oriented architecture (SOA) Answer Given organizational Answer Given value chain Answer Given accounting; financial Answer Given expenditure; production Answer Given segregation Answer Given CIO (chief information officer) Answer Given steering Answer Given active, passive, or semi-passive Answer Given lean Answer Given muda, muri, and mura Answer Given e-waste Answer Given continuous flow Answer Given decision support system; DP Answer Given CHIPS ... specialized information systems would be the most useful in providing information for routine decisions? A) Decision support system B) Expert system C) Executive information system D) Accounting information. .. benefit information, and government regulations is called the A) human resources information system B) manufacturing information system C) financial information system D) marketing information. .. data into information True False Examples of the information provided by a financial information system are cash flow summaries and payment information True False All data processed and information